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Own a Home 3% Down
Refinance
Yes, Please!
I would like more information.
3% Down Payment Option
Can You Really Own a Home with 3% Down? The 3% down payment option is similar to existing conventional loan programs with much higher requirements and can help meet the needs of 1st-time homebuyers in the following ways:
- The mortgage provides the security of a fixed rate loan.
- The property can be a one-unit single family home or condo.
- At least one borrower has not owned a home in the last 3 years.
- The property will be the new owner’s primary residence.
- The loan amount is below $453,101
According to the National Association of Realtors, the average home price is around $250,000. The 3% down conventional loan is a great way to expand home buyers purchasing power.
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When Is Refinancing
The Right Choice?
There are many good reasons to refinance your home;
Eliminate PMI Payments
Reduce Monthly Mortgage Payments
Consolidate Debt
Reduce the Mortgage Term
As an experienced Mortgage 1 professional I would be happy to review all your options to see what works best for you.
BUILDING FOUNDATIONS
Over 25 years of financial experience ensures you a successful mortgage process.
Ken Bearre NMLS: 167130 | 15501 Metro Pkwy # 104, Charter Twp of Clinton, MI 48036
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